Armored Vehicle Market Size, Share & Trends Analysis Report By Product (Defense, Commercial), By Application (Main Battle Tanks, Armored Personnel Carrier), And Segment Forecasts, 2019 - 2025

  • ID: 4753455
  • Report
  • 201 pages
  • Grand View Research
1 of 4

FEATURED COMPANIES

  • BAE Systems
  • Elbit Systems Ltd.
  • Iveco
  • Lenco Industries, Inc.
  • Navistar, Inc.
  • Oshkosh Defense, LLC
  • MORE
The global armored vehicle market size is expected to reach USD 36.4 billion by 2025, registering a CAGR of 5.4% from 2019 to 2025. Growing internal and external terrorist activities across the globe are expected to drive market demand over the forecast period. Technological advancements such as unmanned vehicles are expected to further fuel market growth.

Armored vehicles are protected by layers of depleted uranium or stainless-steel and are equipped with robust weapons that combine defensive, tactical offensive, and operational mobility capabilities. Development of advanced vehicles and technologies such as unmanned armored vehicle and AI-based smart object recognition and tracking technology to be used in the military sector is expected to propel the market over the next few years.

Growing need to protect military recruits from land mines and fire is expected to drive demand for armored vehicles over the forecast period. Furthermore, demand for these vehicles is increasing in the Asia Pacific and Middle East and Africa regions owing to constant tension among neighboring countries and internal threats from rebels.

Major market players are making massive investments in research and development programs to develop new technologies and products. Enhanced protection and fuel efficiency are key aspects considered for future developments in armored vehicles. For instance, in April 2018, BAE Systems developed a new version of the Armored Multi-Purpose Vehicle (AMPV), which was equipped with mine roller systems. The vehicle is widely used for protection against improvised explosive devices.

Further key findings from the report suggest:
  • By product, the Main Battle Tanks (MBT) segment is anticipated to exhibit the highest CAGR of 5.9% from 2019 to 2025 owing to improved firing abilities of MBTs even while moving at high speeds
  • On the basis of application, the commercial segment is anticipated to register the highest CAGR of 5.8% from 2019 to 2025. This growth can be attributed to increasing adoption of commercial armored vehicle by banks to transfer money
  • The Asia Pacific region is expected to continue to dominate the market over the forecast period and is anticipated to reach USD 11.9 billion by 2025 owing to increase in border or terrorism threats and expanding defense budgets of countries such as India, China, and Russia
  • Key industry participants include BAE Systems, BMW AG, Daimler AG (Mercedes Benz), Elbit Systems, Ford Motor Company, General Dynamics Corporation, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH & Co. (KMW), Lenco Industries, Inc., Lockheed Martin Corporation, Navistar, Inc., Oshkosh Defense, LLC, Rheinmetall AG, STAT, Inc., Textron, Inc., and Thales Group.


Please Note: This report will be delivered within 48 hours of ordering.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BAE Systems
  • Elbit Systems Ltd.
  • Iveco
  • Lenco Industries, Inc.
  • Navistar, Inc.
  • Oshkosh Defense, LLC
  • MORE
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Armored Vehicle Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global Armored Vehicle Market, 2014 - 2025 (USD Million)
2.2.1 Global armored vehicle market, by region, 2014 - 2025
2.2.2 Global defense armored vehicle market, by product, 2014 - 2025
2.2.3 Global commercial armored vehicle market, by product, 2014 - 2025
2.2.4 Global armored vehicle market, by application, 2014 - 2025

Chapter 3 Armored Vehicle Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Armored Vehicle - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Armored Vehicle Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Militarization of law enforcement agencies
3.4.1.2 Technological advancements in armored vehicles
3.4.1.3 Increase in insurgencies
3.4.1.4 Commercial uses of armored vehicles
3.4.2 Market restraint analysis
3.4.2.1 Reduction in national defense budgets
3.4.2.2 Increased use of unmanned vehicles
3.5 Penetration and Growth Prospect Mapping
3.6 Armored Vehicle Market - Key Company Ranking Analysis, 2017
3.7 Armored Vehicle Market - Porter’s Five Forces Analysis
3.8 Armored Vehicle Market - PESTEL Analysis

Chapter 4 Armored Vehicle Product Outlook
4.1 Armored Vehicle Market Share By Product, 2017
4.2 Defense Armored Vehicles
4.2.1 Armored Personnel Carriers (APC)
4.2.1.1 Armored Personnel Carriers (APC) market, 2014 - 2025
4.2.2 Infantry Fighting Vehicles (IFV)
4.2.2.1 Infantry Fighting Vehicles (IFV) market, 2014 - 2025
4.2.3 Light Protected Vehicles (LPV)
4.2.3.1 Light Protected Vehicles (LPV) market, 2014 - 2025
4.2.4 Main Battle Tanks (MBT)
4.2.4.1 Main Battle Tanks (MBT) market, 2014 - 2025
4.2.5 Mine-Resistant Ambush Protected (MRAP)
4.2.5.1 Mine-Resistant Ambush Protected (MRAP) market, 2014 - 2025
4.2.6 Tactical Trucks
4.2.6.1 Tactical trucks market, 2014 - 2025
4.2.7 Others
4.2.7.1 Other defense armored vehicles market, 2014 - 2025
4.3 Commercial Armored Vehicles
4.3.1 Bus/Van
4.3.1.1 Armored bus/van market, 2014 - 2025
4.3.2 Limousine
4.3.2.1 Armored limousine market, 2014 - 2025
4.3.3 Sedan
4.3.3.1 Armored sedan market, 2014 - 2025
4.3.4 SUV
4.3.4.1 Armored SUV market, 2014 - 2025
4.3.5 Others
4.3.5.1 Other commercial armored vehicles market, 2014 - 2025

Chapter 5 Armored Vehicle Application Outlook
5.1 Armored Vehicle Market Share By Application, 2017
5.2 Defense
5.2.1 Armored vehicles market in defense applications, 2014 - 2025
5.3 Commercial
5.3.1 Armored vehicles market in commercial applications, 2014 - 2025

Chapter 6 Armored Vehicle Regional Outlook
6.1 Armored Vehicle Market Share by Region, 2017
6.2 North America
6.3 North America Armored Vehicle Market, 2014 - 2025 (USD Million)
6.3.1 North America defense armored vehicle market, by product, 2014 - 2025
6.3.2 North America commercial armored vehicle market, by product, 2014 - 2025
6.3.3 North America armored vehicle market, by application, 2014 - 2025
6.3.4 U.S.
6.3.4.1 U.S. armored vehicle market, 2014 - 2025
6.3.4.2 U.S. defense armored vehicle market, by product, 2014 - 2025
6.3.4.3 U.S. defense armored vehicle market, by product, 2014 - 2025
6.3.4.4 U.S. commercial armored vehicle market, by product, 2014 - 2025
6.3.4.5 U.S. commercial armored vehicle market, by product, 2014 - 2025
6.3.4.6 U.S. armored vehicle market, by application, 2014 - 2025
6.3.4.7 U.S. armored vehicle market, by application, 2014 - 2025
6.3.5 Canada
6.3.5.1 Canada armored vehicle market, 2014 - 2025
6.3.5.2 Canada defense armored vehicle market, by product, 2014 - 2025
6.3.5.3 Canada defense armored vehicle market, by product, 2014 - 2025
6.3.5.4 Canada commercial armored vehicle market, by product, 2014 - 2025
6.3.5.5 Canada commercial armored vehicle market, by product, 2014 - 2025
6.3.5.6 Canada armored vehicle market, by application, 2014 - 2025
6.3.5.7 Canada armored vehicle market, by application, 2014 - 2025
6.4 Europe
6.5 Europe Armored Vehicle Market, 2014 - 2025 (USD Million)
6.5.1 Europe defense armored vehicle market, by product, 2014 - 2025
6.5.2 Europe commercial armored vehicle market, by product, 2014 - 2025
6.5.3 Europe armored vehicle market, by application, 2014 - 2025
6.5.4 Russia
6.5.4.1 Russia armored vehicle market, 2014 - 2025
6.5.4.2 Russia defense armored vehicle market, by product, 2014 - 2025
6.5.4.3 Russia defense armored vehicle market, by product, 2014 - 2025
6.5.4.4 Russia commercial armored vehicle market, by product, 2014 - 2025
6.5.4.5 Russia commercial armored vehicle market, by product, 2014 - 2025
6.5.4.6 Russia armored vehicle market, by application, 2014 - 2025
6.5.4.7 Russia armored vehicle market, by application, 2014 - 2025
6.5.5 U.K.
6.5.5.1 U.K. armored vehicle market, 2014 - 2025
6.5.5.2 U.K. defense armored vehicle market, by product, 2014 - 2025
6.5.5.3 U.K. defense armored vehicle market, by product, 2014 - 2025
6.5.5.4 U.K. commercial armored vehicle market, by product, 2014 - 2025
6.5.5.5 U.K. commercial armored vehicle market, by product, 2014 - 2025
6.5.5.6 U.K. armored vehicle market, by application, 2014 - 2025
6.5.5.7 U.K. armored vehicle market, by application, 2014 - 2025
6.6 Asia Pacific
6.7 Asia Pacific Armored Vehicle Market, 2014 - 2025 (USD Million)
6.7.1 Asia Pacific defense armored vehicle market, by product, 2014 - 2025
6.7.2 Asia Pacific commercial armored vehicle market, by product, 2014 - 2025
6.7.3 Asia Pacific armored vehicle market, by application, 2014 - 2025
6.7.4 China
6.7.4.1 China armored vehicle market, 2014 - 2025
6.7.4.2 China defense armored vehicle market, by product, 2014 - 2025
6.7.4.3 China defense armored vehicle market, by product, 2014 - 2025
6.7.4.4 China commercial armored vehicle market, by product, 2014 - 2025
6.7.4.5 China commercial armored vehicle market, by product, 2014 - 2025
6.7.4.6 China armored vehicle market, by application, 2014 - 2025
6.7.4.7 China armored vehicle market, by application, 2014 - 2025
6.7.5 India
6.7.5.1 India armored vehicle market, 2014 - 2025
6.7.5.2 India defense armored vehicle market, by product, 2014 - 2025
6.7.5.3 India defense armored vehicle market, by product, 2014 - 2025
6.7.5.4 India commercial armored vehicle market, by product, 2014 - 2025
6.7.5.5 India commercial armored vehicle market, by product, 2014 - 2025
6.7.5.6 India armored vehicle market, by application, 2014 - 2025
6.7.5.7 India armored vehicle market, by application, 2014 - 2025
6.7.6 Japan
6.7.6.1 Japan armored vehicle market, 2014 - 2025
6.7.6.2 Japan defense armored vehicle market, by product, 2014 - 2025
6.7.6.3 Japan defense armored vehicle market, by product, 2014 - 2025
6.7.6.4 Japan commercial armored vehicle market, by product, 2014 - 2025
6.7.6.5 Japan commercial armored vehicle market, by product, 2014 - 2025
6.7.6.6 Japan armored vehicle market, by application, 2014 - 2025
6.7.6.7 Japan armored vehicle market, by application, 2014 - 2025
6.8 Latin America
6.9 Latin America Armored Vehicle Market, 2014 - 2025 (USD Million)
6.9.1 Latin America defense armored vehicle market, by product, 2014 - 2025
6.9.2 Latin America commercial armored vehicle market, by product, 2014 - 2025
6.9.3 Latin America armored vehicle market, by application, 2014 - 2025
6.9.4 Brazil
6.9.4.1 Brazil armored vehicle market, 2014 - 2025
6.9.4.2 Brazil defense armored vehicle market, by product, 2014 - 2025
6.9.4.3 Brazil defense armored vehicle market, by product, 2014 - 2025
6.9.4.4 Brazil commercial armored vehicle market, by product, 2014 - 2025
6.9.4.5 Brazil commercial armored vehicle market, by product, 2014 - 2025
6.9.4.6 Brazil armored vehicle market, by application, 2014 - 2025
6.9.4.7 Brazil armored vehicle market, by application, 2014 - 2025
6.10 MEA
6.11 MEA Armored Vehicle Market, 2014 - 2025 (USD Million)
6.11.1 MEA defense armored vehicle market, by product, 2014 - 2025
6.11.2 MEA commercial armored vehicle market, by product, 2014 - 2025
6.11.3 MEA armored vehicle market, by application, 2014 - 2025

Chapter 7 Competitive Landscape
7.1 BAE Systems
7.1.1 Company overview
7.1.2 Financial performance
7.1.3 Product benchmarking
7.1.4 Strategic initiatives
7.2 Elbit Systems Ltd.
7.2.1 Company overview
7.2.2 Financial performance
7.2.3 Product benchmarking
7.2.4 Strategic initiatives
7.3 General Dynamics Corporation
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Product benchmarking
7.3.4 Strategic initiatives
7.4 INKAS Armored Vehicle Manufacturing
7.4.1 Company overview
7.4.2 Product benchmarking
7.4.3 Strategic Initiatives
7.5 International Armored Group
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Product benchmarking
7.5.4 Strategic Initiatives
7.6 Iveco
7.6.1 Company overview
7.6.2 Financial performance
7.6.3 Product benchmarking
7.6.4 Strategic initiatives
7.7 Krauss-Maffei Wegmann GmbH & Co.
7.7.1 Company overview
7.7.2 Financial performance
7.7.3 Product benchmarking
7.7.4 Strategic initiatives
7.8 Lenco Industries, Inc.
7.8.1 Company overview
7.8.2 Financial performance
7.8.3 Product benchmarking
7.8.4 Strategic Initiatives
7.9 Lockheed Martin Corporation
7.9.1 Company overview
7.9.2 Financial performance
7.9.3 Product benchmarking
7.9.4 Strategic initiatives
7.10 Navistar, Inc.
7.10.1 Company overview
7.10.2 Financial performance
7.10.3 Product benchmarking
7.10.4 Strategic initiatives
7.11 Oshkosh Defense, LLC
7.11.1 Company overview
7.11.2 Financial performance
7.11.3 Product benchmarking
7.11.4 Strategic initiatives
7.12 Rheinmetall AG
7.12.1 Company overview
7.12.2 Financial performance
7.12.3 Product benchmarking
7.12.4 Strategic initiatives
7.13 STAT, Inc.
7.13.1 Company overview
7.13.2 Financial performance
7.13.3 Product benchmarking
7.14 Textron Inc.
7.14.1 Company overview
7.14.2 Financial performance
7.14.3 Product benchmarking
7.14.4 Strategic Initiatives
7.15 Thales Group
7.15.1 Company overview
7.15.2 Financial performance
7.15.3 Product benchmarking
7.15.4 Strategic Initiatives
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • BAE Systems
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • INKAS Armored Vehicle Manufacturing
  • International Armored Group
  • Iveco
  • Krauss-Maffei Wegmann GmbH & Co.
  • Lenco Industries, Inc.
  • Lockheed Martin Corporation
  • Navistar, Inc.
  • Oshkosh Defense, LLC
  • Rheinmetall AG
  • STAT, Inc.
  • Textron Inc.
  • Thales Group
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Order Online - visit: https://www.researchandmarkets.com/reports/4753455
Adroll
adroll